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QI: Given the profit function (K,L) = P20:2 0.2 WL rk (a) Find the optimal values of labor and Capital. (b) Find the maximum value

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QI: Given the profit function (K,L) = P20:2 0.2 WL rk (a) Find the optimal values of labor and Capital. (b) Find the maximum value function n*. (C) Using Hotelling's lemma find or an dn awarap * (d) Show that reciprocity condition holds i.e. or (e) Verify second-order conditions for profit maximization. OL aw

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